Air France-KLM cuts capacity growth forecast amid expected $2.4bn fuel bill rise

Move comes as airline industry reacts to uncertainty over Iran war and increase in price of Brent crude Business live – latest updates Air France-KLM has cut its capacity growth forecasts for this year as the Iran war drives up its fuel costs by b...

Move comes as airline industry reacts to uncertainty over Iran war and increase in price of Brent crudeBusiness live – latest updatesAir France-KLM has cut its capacity growth forecasts for this year as the Iran war drives up its fuel costs by billions of dollars.The French-Dutch airline expects its fuel bill to increase by $2.4bn (£1.8bn) this year as a result of the surge in costs since the Middle East conflict began. In response, it has trimmed its expectations for capacity growth to between 2% and 4% this year, down from 3% to 5% previously. Continue reading...